CASE STUDY

Procurement Best Practices Study for A Leading Mining Equipment Manufacturer

Nov 22, 2017

Category Overview

Over the years, players across the mining industry have started witnessing daunting challenges in terms of water scarcity, harsh climates, and rising energy costs which has consequently affected the growth prospects of the mining equipment manufacturers. As a result of these challenges, firms operating in the mining equipment manufacturing space have started advocating the need for robust procurement best practices solutions to gain a comprehensive understanding of their sourcing and procurement activities and increase their overall profitability across office locations.request free proposal

With years of expertise in providing a wide array of similar solutions, SpendEdge’s procurement best practices experts assists firms operating in the mining equipment manufacturing space to gain a competitive edge over the peers operating in the industry space by implement best-in-class sourcing and procurement strategies.

The Procurement Pain Point and Insights Offered

A renowned mining equipment manufacturing client was facing predicaments in gaining a stronger foothold in the industry space against their peers. As a result, the client wanted to identify the sourcing and procurement best practices adopted by their peers. They also wanted to identify the key suppliers operating in the mining equipment manufacturing space.

To cater to the specific predicaments faced by the mining equipment manufacturing client, the procurement best practices experts at SpendEdge personalized an integrated research methodology, which included primary and secondary research coupled with quantitative and qualitative data collection methodologies.

During the course of the procurement best practices engagement, the mining equipment manufacturing client gained actionable insights into the functional and commercial drivers and decisions that impacted the profitability of the firm. Additionally, the client was able to categorize the peer group companies and key suppliers operating in the industry space. This helped them understand the accordingly implement sourcing and procurement best practices and formulate superior sourcing strategies.

Fundamental questions answered in this procurement best practices study include

Business Outcome

The procurement best practices engagement helped the mining equipment manufacturing client instrument best-in-class sourcing and procurement strategies across the supply chain. This helped them identify and cut down the inefficient and unproductive processes and consequently helping them improve profits.

To know more about our procurement best practices solutions

request free proposal

Recent Case Studies

Driving Value through Strategic Category Management

Driving Value through Strategic Category Management

Over the past decade, the impact of strategic category management in the role of procurement role within an organization has become increasingly profound. No longer is procurement considered a tactical arm of the enterprise whose key tasks are purchasing and brokering...

read more

Industries

Services

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars
Request Free Proposal